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Roamfree founder Tony Smith

Roamfree founder Tony Smith

The Gold Coast Bulletin reports that former online travel high-flyer Roamfree was placed  into voluntary administration late yesterday after it failed to reach a debt-servicing agreement with its noteholders.  Ferrier Hodgson's Tim Michael and Will Colwell have been appointed to take control of the company. The group's subsidiary trading companies, BookEasy Pty Ltd, Roamfree Pacific and majority-owned Tourism Technology, are not affected, the paper said. Roamfree, now run by Mark Frawley, has rarely been out of the news since it was founded by flamboyant entrepreneur Tony Smith, who reprised the 1980s by splashing cash around and buying an extraordinary range of companies in a short period of time. Smith left the company last year after his personal fortune collapsed under the weight of debt combined with the stockmarket crash.

Story at: http://www.goldcoast.com.au/article/2009/08/25/111495_gold-coast-business.html

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The past few months have been quite an experience, a long rambling journey through the Australian travel web. It’s been a roundabout route on my way to choosing the TRAVELtech Top 25 Australian Websites, from which TRAVELtech Website of The Year will emerge.

I have seen sites I didn’t know existed, and others that shouldn’t. In the end I had to choose 25. It wasn’t easy and I’m still not convinced. There are so many sites that could so easily have been there but aren’t.

Accommodation aggregation sites are by far the most competitive category. No coincidence that’s where the money is to be made. A ready supply of inventory through the massive online databases (ultimately) controlled by the likes of Orbitz, Travelocity and Expedia also helps. Popular sites such as www.lastminute.com.au, www.roamfree.com.au, www.quickbeds.com.au and others came so close to making the Top 25 it’s ridiculous. But, right or wrong, decisions had to be made. More …

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